Team Lotus Enterprise buys Caterham Cars
British carmaker Caterham Cars has been bought by Team Lotus Enterprise in Norfolk.
The acquisition by Tony Fernandes, Kamarudin Meranun and SM Nasarudin, the men behind the Team Lotus Formula 1 squad, from a shareholder consortium led by Corven Ventures, will see the legendary lightweight sportscar manufacturer expand its brand profile and product family.
The acquisition will not only signal the continued development of the legendary Seven, but also provide Caterham with the platform to apply its philosophy of ‘adding lightness’ to exciting new models for the 21st Century.
The new era for Caterham will be led by the company’s existing management team, headed by MD, Ansar Ali.
Team Lotus enterprise says that Ali’s direction has been responsible for energising Caterham’s export prowess during the last five years, creating the iconic Superlight R500 – Top Gear’s Car of the Year for 2008 – and Caterham’s first brand new model in 15 years, the stunning SP/300.R sports prototype racer.
As custodian of Colin Chapman’s two-seater Seven since 1973, Caterham has been responsible for the evolution of a car originally conceived as a ‘fit for purpose’ race-car for the road in 1957.
Today, the Seven is arguably the benchmark for the perfect balance between power and intuitive, user-friendly handling, and in spite of its years remains one of the most raced cars in the world.
It has also been the inspiration for the recently-launched Caterham-Lola SP/300.R for the race and track day community.
Tony Fernandes said: “Caterham has a unique place at the heart of the motoring world. As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence.
“Caterham Cars has remained wholly faithful to Colin Chapman’s philosophy of ‘less is more’, and the DNA of the original Seven can still be traced to the newest additions to Caterham’s product offering.
“It is already a successful business with sales across Europe, Japan, Australia and the Middle East, and under the guidance of the existing management team, we now have all the ingredients and the launch pad to further evolve that spirit and take Caterham to new exciting horizons with innovative products and greater global brand exposure.”